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Author Topic: The only lottery I like to play  (Read 315 times)
NotFuzzyWarm
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February 03, 2026, 06:43:01 PM
Last edit: February 03, 2026, 07:14:48 PM by NotFuzzyWarm
 #21

<snip>
And it makes me glad to see someone hit a block as it gives me the idea that it can be done. Simultaneously it keeps me on my feet, since luck does not make a strategy.

I would advise you to research this issue and look at public statistics where they are available. Pay attention to the hashrates at which miners obtain their winning blocks. You'll be surprised to learn that the vast majority of blocks are obtained with higher hashrates, not with devices with only a few terahashes.
Ja.
If you check say, -ck's solo pool you will see that in the past few years yes, there have been a VERY few folks that got lucky running tiny hash rates (under 10TH).

However - the vast majority of winners there has been folks doing massive rentals ranging from a few hundred PH to almost 1 EH that ran for at least several days. Rentals of that size and time are very expensive so those were some VERY expensive "Lottery tickets".

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Today at 01:47:56 PM
 #22

<snip>
And it makes me glad to see someone hit a block as it gives me the idea that it can be done. Simultaneously it keeps me on my feet, since luck does not make a strategy.

I would advise you to research this issue and look at public statistics where they are available. Pay attention to the hashrates at which miners obtain their winning blocks. You'll be surprised to learn that the vast majority of blocks are obtained with higher hashrates, not with devices with only a few terahashes.
Ja.
If you check say, -ck's solo pool you will see that in the past few years yes, there have been a VERY few folks that got lucky running tiny hash rates (under 10TH).

However - the vast majority of winners there has been folks doing massive rentals ranging from a few hundred PH to almost 1 EH that ran for at least several days. Rentals of that size and time are very expensive so those were some VERY expensive "Lottery tickets".
I also spent a long time wondering who these players were, since hashrate rentals are very expensive. I can only assume they're engineers who serviced their equipment well ahead of schedule and started solo mining with their ASICs while they could.
Perhaps they're also current miners who like to play the lottery.
The rental price for 1 EH/s is 0.5 Bitcoin per day on Nicehash.

 
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